CLOSED ESCROW

FAMILY DOLLAR

215 lyell avenue

ROCHESTER, NY 14614

PRICE:

PRICE/SF:

CAP RATE:

BUILDING SF:

YEAR BUILT:

$2,175,000

$261

6.15%

8,307

2016

THE ASSET

Family Dollar was recently acquired by Dollar Tree, Inc. and is now considered to be the nation's largest small-box discount retailer.  Family Dollar & Dollar Tree have over 13,000 locations nationwide.  Both Family Dollar & Dollar Tree have plans to continue expansion over the next several years.

When it comes to getting value for everyday items for the entire family in an easy to shop, neighborhood location, Family Dollar is the best place to go. One of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget.

DEAL HIGHLIGHTS​:

  • 1031 Exchange Buyer

  • BB+ Credit Rating

  • Corporate Guarantee Family Dollar 

 

ASSET HIGHLIGHTS

  • Brand new 2016 construction

  • 15-Year absolute NNN lease

  • Zero management responsibilities

  • Corporate guaranteed lease

  • Strong 10% rent increase in year 11 of base term of lease; Excellent hedge against inflation

  • Lease incorporates 6 – 5 year extension options, all of which include a strong 10% rent increase

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

© 2017 by THE HIRTH GROUP

KW Commercial CAL DRE 01499010